ARM (#ARM) weekly special report based On 1 Lot Calculation
ARTIFICIAL INTELLIGENCE
- ARTIFICIAL INTELLIGENCE (AI): CHATGPT SPARKS AI COMPETITION AMONGST MAJOR TECH FIRMS, FUELLING DEMAND FOR AI PROCESSING PRODUCTS: According to reports, Microsoft, Alphabet and Meta are set to invest $90B into AI technology development. OpenAi, the company that invented ChatGPT, used Nvidia GPU chips to create it. Nvidia unveiled its new Grace Hopper chip for generative AI applications, which is based on Arm architecture. In other words, Nvidia cannot make chips without ARM.
ARM
- COMPANY: ARM isn’t a chipmaker itself. Rather, the company is responsible for coming up with the “architectures” — or overall designs, including components and programming language instructions that other companies use to build chips. Today, 99% of smartphones use ARM processors.
- BIG PLANS: In a presentation to investors, Arm officials said the company has room to grow beyond just smartphones and wants to design more chips for data centers and AI applications. It said it expects the total market for chip designs to be worth about $250 billion by 2025.
- MARKET: Arm chips are made by companies including Amazon, Alphabet, AMD, Intel, Nvidia, Qualcomm, and Samsung. Its technology is also included in Apple’s chips for iPhones. Arm said that its technology was included in over 30 billion chips shipped in its fiscal 2023.
- HOW IT DOES MAKE MONEY: Arm typically takes a fee on every chip that is shipped using its technology.
ARM: FINANCIALS
- REVENUE IN FISCAL 2023: $2.68 BILLION.
- NET INCOME IN FISCAL 2023: $524 MILLION.
- CASH: $2.2 BILLION.
ARM: INITIAL PUBIC OFFERING (IPO)
- (IPO) OPEN PRICE: $51 a share
- IPO CAPITAL RAISE: ~$4.87 billion.
- MARKET CAPITALIZATION: ~ $54 billion.
- STOCK EXCHANGE: NASDAQ
- IPO DATE: SEPTEMBER 13. STOCK TRADING AVAILABLE: SEPTEMBER 14
IPOs OF SOME OTHER BIG TECH COMPANIES:
Data Source: Bloomberg
*Please note that past performance does not guarantee future results.
#ARM, September 15, 2023
Current Price: 66
|
ARM |
Weekly |
|
Trend direction |
|
|
100 |
|
|
90 |
|
|
80 |
|
|
53 |
|
|
51 |
|
|
48 |
Example of calculation based on weekly trend direction for 1 Lot1
|
ARM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
34,000 |
24,000 |
14,000 |
-13,000 |
-15,000 |
-18,000 |
|
Profit or loss in €2 |
31,883 |
22,505 |
13,128 |
-12,190 |
-14,066 |
-16,879 |
|
Profit or loss in £2 |
27,339 |
19,298 |
11,257 |
-10,453 |
-12,061 |
-14,474 |
|
Profit or loss in C$2 |
45,929 |
32,420 |
18,912 |
-17,561 |
-20,263 |
-24,315 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 09:00 (GMT+1) 15/09/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
- You may wish to consider closing your position in profit, even if it is lower than suggested one
- Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more detail